I have just learned more about what hold coin is and found that it is a quite popular strategy within the crypto community. Its essence is very simple - you buy a certain coin, then hold it without rushing to sell even when the market fluctuates. Do not sell when the price drops, just wait until reaching the target price you set.

Actually, understanding what hold coin is also easy - it is a form of long-term investment, completely different from short-term trading. This term originated in 2013 on the Bitcoin talk forum, when a member named GameKyuubi posted a topic titled "I AM HODLING" (the word HODL is actually a typo but has become a famous keyword). Since then, this term spread throughout the crypto community, and now anyone talking about hodling means they believe their coin will increase in value in the future.

What makes hold coin good depends heavily on the timing of your market entry, the type of coin you choose, and partly luck. If you participated in early 2017, any coin you bought would have been profitable because their value increased from 30 to 3,000 times in less than a year. The most ideal time to hold coin is when the market starts to "heat up" and transitions into an upward trend.

To become a true holder, you need to have faith in blockchain technology, believe that the crypto market will explode in the future when the market capitalization is still only a few billion dollars. The key is patience, perseverance, and having available idle money that you don’t need to use immediately. If you love crypto but lack the time or experience to trade effectively, then what hold coin is can also be a suitable option.

The big difference between hold coin and trading lies in the time frame and approach. Traders buy and sell coins even within 1-2 minutes when they see profit, while holders keep coins for months or years. To become a trader, you must deeply understand technical analysis, grasp indicators like Bollinger Bands, MACD, RSI, constantly monitor market news, and have a strong mindset. But for holders, it’s not as complicated; just need basic knowledge of how to buy and sell coins, store them in a wallet, and create an account.

I think the best way is to combine both methods. Both hold coins for long-term profit and trade part of the portfolio to reduce pressure and avoid risks if your held coins drop in value. However, if you decide to do both, you must be consistent from the start. The best approach is to allocate separate capital for holding coins and trading, even opening two different accounts. The biggest secret is "don’t put all eggs in one basket" - capital preservation must be the top priority.

When holding coins, choose top cryptocurrencies like Bitcoin, Ethereum, Ripple, and add a few other promising coins to avoid danger. BTC’s price can sometimes drop due to various factors - news about hacks, criticism from economists, or large companies like Google, Facebook, Twitter restricting crypto advertising. But when the market is lively, BTC’s price rises quickly, and you need to stay firm to capitalize on the trend. Positive signs such as SEC reviewing Bitcoin ETF, technical development of Bitcoin, and the increasing number of nodes supporting Lightning Network all indicate a brighter future. Those who believe in Bitcoin’s future will have a solid basis to continue holding their coins.